Geeking out on: Taxation & Credits (if we receive income, we need to know what exists in this area); and: Federal Indictments (building an accurate map of all red flags & indications, of when you may need to say NO to a person.)I make good choices, but cannot get SWOT analysis templates out of my head. 100K to 20M annual revenues, is simple, with predictable risks based on industry, and some other factors. Risks during the natural course of operating, and when scaling, are a "no-thing", if you know what to expect. In contrast, they can be devastating, if you don't. (Depending on speed to implementation, there truly is little to no room for error.) When working with 40M to 200M, all becomes amplified. If the entity is set-up correctly, in alignment with the law, then the problems are often going to be with people, and important to be able to spot, ahead of time.
CTEC for the 2023 Tax Season, is new for me. I normally do work closer to Boutique Tax Planning. I'm excited to be representing a major brand; part of their excellent team. Helping with Returns for hard working Individuals, Small & Medium Business.
NOTE: If you've just incorporated, or it's your first year for 1099-NEC, Tax Planning, is legally required to be done, IN ADVANCE, BEFORE you start. What this means, is that the 2022 numbers you give to your Tax Accountant, those are generally going to be fixed values (besides minor errors).
..........Tax Strategy, though, is legal prior to submission. There can be method (a) or (b) for calculations, with some areas of reporting required to be in alignment with the entity & prior year, and other calculation methods, allowed to be modified, for current year.
Everyone wants, their numbers to be maximized.
